InvestorsHub Logo
Followers 7
Posts 1063
Boards Moderated 0
Alias Born 03/30/2015

Re: None

Friday, 09/23/2022 12:19:00 PM

Friday, September 23, 2022 12:19:00 PM

Post# of 21188
Hi guys, it has been a long time since I have posted on here. For those who know me, I have been a strong supporter of SHWZ from the beginning of the company and especially of Justin Dye's tenure. I believe this is the best managed cannabis company in the USA.

In spite of my belief in SHWZ, I sold my entire position back in April in the $2.05 - $2.10 level. Why did I sell, because the cannabis sector was in the crapper, and I continued to believe there was no end in sight and by the current price action of SHWZ and the entire sector, I was right. My thesis was purely chart analysis to my selling. I believe we were going to see legalization of cannabis earlier, but I was wrong. I do not see any possible turnaround in the cannabis sector until after the mid-term elections at best. I am more convinced that if the Republicans take both branches, we can see legalization coming before Democrats doing it. My mistrust of the politicians (both parties) is embedded in that they "talk the talk" but don't "walk the walk". I believe they will use this legalization talking point to get re-elected and not actually do it. If I see any possibility of legalization really happening, then I will jump back in. Currently, I feel my money is best invested in other plays.

My real purpose of my post is that this chat board was the best on the internet in my opinion. Now it is turning into vitriol against each other due to frustration. Everyone kept on topic and while we might have disagreed, we challenged each other with facts and statistics put out from the company and used the contrasting opinions to make smart decisions. Now it is painful to watch all the good people here turn on each other and having some posts deleted. It is always easy to buy a stock, the hardest part is to know when to sell especially when owning a great company like this one. I was very fortunate enough to have made a decent profit on my holdings when I sold. I believe SHWZ is a great value at this level, but I really believe you can see at least new lows before forming a strong bottom. It might be some extent of time before you will realize gains in SHWZ unless legalization happens sooner than later.

I am sorry to say that I am no longer a shareholder but for all of us it is about making money and making the decision that is best for each of us. On a valuation of cannabis stocks, SHWZ is one of the best in the sector, but I don't want to keep praying every day that legalization is coming tomorrow for me to make money. Everyone on this board are all good people but keep it classy because the wait is going to be longer than we think in my opinion. I wish all of you the best in your investments and will continue to monitor the chat board for your excellent analysis and thoughts to when I might jump back in.
Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent SHWZ News